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11a-5 Thank you. IIA-10 11A-5. (Similar to problem 11A-1 and 11A-2 combined) Prepare the...

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Accounting

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11a-5 Thank you.

IIA-10 11A-5. (Similar to problem 11A-1 and 11A-2 combined) Prepare the T- account entries for the following stock transactions of the ALEXANDER Corporation. April 18 Issued 8,000 shares of no par preferred stock for $14 per share. Issued 900 shares of S5 par preferred stock for $17 per share. Issued 800 shares of S4 par common stock for $12 per share Issued 2,500 shares of $10 par common stock in return for a May 8 July 16 July 27 patent with a fair market value of $78,000. August 3 Issued 1,000 shares of S2 par common stock for S68 per share. The down payment is $52 per share with the reminder to be paid in three months. Nov 3 Investor pays remainder of amount owed on the August 3 stock purchase

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